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Nalezeno "China": 3700

China to Showcase Digital Yuan at Summer World University Games


Student athletes from around the world will get the chance to use China’s digital yuan in July, with the CBDC put to use at the Summer World University Games in Chengdu. Per the Chinese media outlet The Cover, the games will become the first “major international sports event” to “officially...

Honduras Applies to Join BRICS Bank


The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry into the financial organization, alongside Argentina....

Chinese Police Warn of a Rise in Digital Yuan-themed Scams


Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace. Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they had seen a rise in digital yuan-themed “fraud.” They said one recent scam...

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts


Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that...

China's Web3 Stance: A Glimpse into the Future?


China's perspective on web3 has come to light through a recently released white paper that suggests China is open to incorporating web3 into its future internet. In the paper, the term “Internet 3.0” is defined as a "three-dimensional space that combines virtual and real realms with a highly...

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